Vail Resorts (NYSE:MTN) Price Target Cut to $169.00 by Analysts at UBS Group

Vail Resorts (NYSE:MTN) had its price target trimmed by UBS Group from $185.00 to $169.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research firms have also issued reports on MTN. Macquarie dropped their price target on Vail Resorts from $195.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 12th. Barclays reissued an “underweight” rating and set a $152.00 price target (down from $165.00) on shares of Vail Resorts in a research report on Monday, March 10th. Truist Financial dropped their price target on Vail Resorts from $247.00 to $244.00 and set a “buy” rating on the stock in a research report on Friday, June 6th. Deutsche Bank Aktiengesellschaft dropped their price target on Vail Resorts from $183.00 to $171.00 and set a “hold” rating on the stock in a research report on Thursday, May 29th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Vail Resorts in a research report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $187.20.

Vail Resorts Stock Performance

Shares of MTN opened at $151.37 on Wednesday. The business’s 50 day moving average is $146.37 and its two-hundred day moving average is $162.68. Vail Resorts has a 52-week low of $129.85 and a 52-week high of $199.45. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of 25.14, a PEG ratio of 1.93 and a beta of 0.91. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64.

Vail Resorts (NYSE:MTN) last announced its earnings results on Thursday, June 5th. The company reported $10.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.00 by $0.54. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the company posted $9.54 EPS. Vail Resorts’s quarterly revenue was up 1.0% on a year-over-year basis. Analysts forecast that Vail Resorts will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 24th will be given a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 5.87%. The ex-dividend date of this dividend is Tuesday, June 24th. Vail Resorts’s dividend payout ratio is presently 113.55%.

Institutional Investors Weigh In On Vail Resorts

Several large investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC increased its position in Vail Resorts by 8.5% in the fourth quarter. Sterling Capital Management LLC now owns 881 shares of the company’s stock worth $165,000 after buying an additional 69 shares during the period. Accretive Wealth Partners LLC increased its position in Vail Resorts by 1.5% in the fourth quarter. Accretive Wealth Partners LLC now owns 5,294 shares of the company’s stock worth $992,000 after buying an additional 80 shares during the period. Argonautica Private Wealth Management Inc. increased its position in Vail Resorts by 6.9% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 1,478 shares of the company’s stock worth $277,000 after buying an additional 96 shares during the period. State of Michigan Retirement System grew its stake in shares of Vail Resorts by 1.1% in the first quarter. State of Michigan Retirement System now owns 9,000 shares of the company’s stock worth $1,440,000 after purchasing an additional 100 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in shares of Vail Resorts by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the company’s stock worth $1,680,000 after purchasing an additional 100 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Vail Resorts Company Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.